There is no person in the world who would be neutral towards gold. Someone likes jewelry made from this noble metal, someone prefers to invest in it. But only a few know what kind of gold is best to buy on the domestic market. Pure metal does not exist in nature, as it contains impurities of foreign substances. This is precisely the difference between nuggets. Sample 999, 9, or, as it is called in everyday life, "four nines", is the highest quality and concentrate gold, which contains no more than 0.1% of various impurities.
High Gold
Precious metal marked "999" is the purest substance with a minimum amount of impurities. And this means that it is impossible to create jewelry from such gold. The metal is very soft, and all the transformations of the master can be deformed even under the heat of the fingers. But this does not stop jewelers: to find, for example, rings 999samples are real, but such a product will cost very, very expensive, and it is not recommended to wear it.
If a person wants to buy jewelry, then he must understand that it is the percentage of impurities of other components that adds durability to gold. The ideal percentages in this case will be 585 and 750 samples.
How much does 1 gram of 999 gold cost?
Every buyer knows that the lower the marking, the cheaper the product will be. Metal 999 has the highest value on the market, it can also be found under the name "investment gold". This is because it is used to make bank bullion for private investors and for the reserve of developed countries.
To answer the question of how much a bar of 999 gold costs, you need to understand that the price is not constant and changes twice a day - in the morning and in the evening. Also, the value of a jewel is determined by several factors:
- First of all, attention is drawn to the fixing of the London Stock Exchange, where the basis of the price is laid. This is the same starting point for calculating 1 gram in Russia.
- After that, the Central Bank makes a revaluation of the value and sets its value for the entire state.
- And, finally, the third factor is the quotation of such a phenomenon as buying and selling in commercial banks. It is this final cost that is called to the buyer.
Gold in Sberbank: 999 proof
The Central Bank, although it sets its price for 1 gram, still acts ininterests of Russia. Since the cost directly depends on the economic indicators of the country, the Central Bank of the Russian Federation regulates the figure in such a way that it does not differ significantly from the economic course of Russia and thus does not harm the state.
Sberbank is the leader among banking organizations in our country, it is here that the main percentage of the population watches the rate of 999 gold. The numbers on the ingot do not indicate how strong the material will be and how much brilliance it has. The main purpose of the test is still to show the proportion of impurities in the precious material. Although the above characteristics depend on this figure. When a nugget is found, it is almost impossible to determine by external signs whether it is a 999 sample or not. The color and physical structure also depend on the location and depth of the gold.
Storage facilities
In addition to the fact that gold bars can be bought for private use and investment, they are bought in large quantities by various countries. Gold 999 is necessary for the state in order to have a reserve economic reserve. When compiling the top countries, one of the indicators is the number of gold bars. This is precisely what explains such a high price of metal on the market. Since a large amount of gold is used as a safe-haven asset, the proportion of raw materials bought into workshops is negligible. The scarcity explains the high price of the material.
Gold has long been a we althy currency. In the modern world, money is also equivalent to precious metal. In a critical situation inthe economy of the state, paper currency may disappear altogether, while it is gold that will then become liquid. This is another reason why investors in various countries, especially during a crisis, transfer all their large savings to the gold fund.
Of course, as such, countries do not have a warehouse with accumulation. Someone practices storage with residents of the state, that is, resells to investors and puts money into circulation. But most often, gold is stored in the Central Bank or in the treasury of the country, it all depends on its political system. This allows the state not to spend extra money on security.
Central Bank
As of November 2018, the price of 999 gold is 2,620.43 rubles per gram. There has been a rise in price for the past 9 months, although the price in the West has been declining throughout this period. This is due, of course, to the fall of the ruble and the strengthening of the dollar on the world market. At the time of writing, the USD was 67 rubles.
At the same time, the rate of buying and selling gold 999 in Sberbank branches was 2734 and 2466 rubles per gram, respectively. If a person is going to invest his capital in the yellow metal, then you need to pay attention to commercial banks. The central institution always offers lower prices, but bullion can only be used there for accounting for credit organizations. It is impossible to make purchase and sale transactions in the Central Bank. The only exception are large investors who can sell gold directly to the government.
For more profitabletransactions need to track the course in large banks.
Shops
In addition to the fact that gold is sold in banks, it can also be purchased in private boutiques. For example, as of November 2018, the price for 1 gram of a 999 sample is 2809 rubles, and a 585 sample costs only 1636 rubles.
A huge disadvantage of such a purchase can be an unscrupulous seller. If the master himself makes products and immediately sells them, then he sets the sample himself. It is almost impossible to distinguish by eye by the color of the material and its plasticity which sample is in front of the buyer. Therefore, it is better to give your preferences to popular store chains, while you will have to overpay for the brand.
Pricing factors
Of course, the gold rate may differ depending on which bank the investor decided to buy from. But, in addition to this, there are a number of other factors that affect the price. Initially it is supply and demand. The more buyers are interested in buying metal, the higher the price will be. The same can be seen in reverse order: the more the bank is oversaturated with goods, the lower the price will be for it.
This is the factor that causes the market to crash. When investors start selling their gold in high volume, the curve starts to fall, thus destroying the market. With a large flow of buyers, the curve and the price increase. Therefore, the bank spread may differ not only by city, but even by branches of the same institution.
Sale and production volume
The following factor also affectspricing in banks and throughout the country as a whole. If there was a “productive” year for nuggets, then the cost will inevitably fall and, no matter how paradoxical it may sound, the company that extracts raw materials will begin to lose profits. It is this factor that affects the fact that every year the metal increases by about the same percentage.
But the price of gold is also affected by the amount of material purchased. For example, 999 fine coins will be cheaper than an ingot of the same weight. This is because it takes longer to create smaller items.
